[Pb Price]SMM Lead Market Morning Review (2015-8-5)

Published: Aug 05, 2015 09:04 (GMT+8)

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LME lead broke out above the 5 and 10-day moving averages on Tuesday night and ended at USD 1,736/mt.

SHANGHAI, Aug. 5 (SMM) – LME lead broke out above the 5 and 10-day moving averages on Tuesday night and ended at USD 1,736/mt, growing USD 35.5/mt or 2.09%. Trading volumes fell 734 to 3,902 lots while positions were up 393 to 129,221. LME lead stocks fell 2,300 mt to 216,475 mt.

Markets expect LME lead to be range-bound between SUD 1,720-1,740/mt today. SHFE 1510 lead should move between RMB 12,900-13,000/mt and RMB 13,200-13,300/mt for spot lead.

LME lead price forecast SHFE lead prices forecast spot lead price forecast Pb Price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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